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See how verdicts work1-bedroom flat · DE72 3WJ
Listing removedListed 637 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide price: £140,000 - £160,000 no upward chain... This well-presented ground-floor one-bedroom flat, located in an exclusive over-55s complex, is available with no upward chain.
Positioned in a sought-after area with convenient access to nearby villages, it offers residents a variety of local amenities, including shops, eateries, and retail outlets, as well as excellent transport links via the A52 and M1.
The flat features an entrance hall, a spacious living/dining room with access to the conservatory, a fitted kitchen, a double bedroom with a range of fitted furniture, and a three-piece shower room.
Outside, the property includes access to beautifully maintained shared gardens, providing a tranquil outdoor space for residents to enjoy.
Must be viewed EPC Rating: C Entrance Hall Dimensions: 4.13m x 2.52m (max) (13'6" x 8'3" (max)).
The entrance hall has carpeted flooring, a wall-mounted telephone intercom system, a radiator, a plate rail, coving to the ceiling, and a door providing access into the accommodation.
Living/Dining Room Dimensions: 5.29m x 4.31m (max) (17'4" x 14'1" (max)).
The living / dining room has a UPVC double glazed window to the rear elevation, two radiators, space for a dining table, a TV point, a feature fireplace with a decorative surround, coving to the ceiling, carpeted flooring, and sliding patio doors opening to the conservatory.
Conservatory Dimensions: 3.18m x 2.39m (max) (10'5" x 7'10" (max)).
The conservatory has tiled flooring, UPVC double glazed surround, a Polycarbonate roof, and double French door opening out to the rear of the property Kitchen Dimensions: 3.38m x 1.97m (11'1" x 6'5" ).
The kitchen has a range of fitted base and wall units with worktops with a breakfast bar, a stainless steel sink and half with a mixer tap and drainer, an integrated oven, a ceramic hob and extractor fan, an integrated fridge freezer, space and plumbing for a washing machine, a radiator, tiled splashback, and tiled flooring.
Bedroom Dimensions: 3.92m x 3.29m (max) (12'10" x 10'9" (max)).
The bedroom has a UPVC double glazed window, a radiator, a range of fitted furniture including wardrobes, overhead cupboards, a chest of drawers, coving to the ceiling, and carpeted flooring.
Shower Room Dimensions: 2.13m x 1.96m (max) (6'11" x 6'5" (max)).
The shower room has a concealed dual flush W/C, a counter-top wash basin, a double shower enclosure with a wall-mounted electric shower, an extractor fan, a chrome heated towel rail, floor-to-ceiling tiling, and tiled flooring.
Outside To the outside of the property are communal areas.
Additional Information Electricity – Mains Supply Water – Mains Supply Heating – Electric Room Heaters Septic Tank – No Broadband – Openreach Broadband Speed - Superfast Broadband available with the highest download speed at 80Mpbs & Highest upload speed at 20Mbps Phone Signal – Good coverage of Voice, 4G & 5G Sewage – Mains Supply Flood Risk – The government website states this is a high risk flood area.
Flood Defenses – No Non-Standard Construction – No Any Legal Restrictions –Over 55 age group complex Other Material Issues – No Disclaimer Council Tax Band Rating - Erewash Borough Council - Band C This information was obtained through the directgov website.
HoldenCopley offer no guarantee as to the accuracy of this information, we advise you to make further checks to confirm you are satisfied before entering into any agreement to purchase.
The vendor has advised the following: Property Tenure is Leasehold Service Charge in the year marketing commenced (£pa): £190 Ground Rent in the year marketing commenced (£pa): £175 Property Tenure is Leasehold.
Term: 199 years from 1st January 1987 Term remaining 162 years. The information regarding service charges and ground rent has been obtained from the vendor.
HoldenCopley have checked the most recent statement for ground rent and service charge and have obtained the lease length via the Land registry.
HoldenCopley offer no guarantee as to the accuracy of this information, we advise you to make further checks to confirm you are satisfied before entering into any agreement to purchase.
The information will be confirmed by your solicitor via the management pack and Landlord pack where applicable.
We strongly recommended that you contact your solicitor before entering into negotiations to confirm the accuracy of information.
Agents Disclaimer: HoldenCopley, their clients and employees 1: Are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise.
They assume no responsibility for any statement that may be made in these particulars.
These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2: Any areas, measurements or distances are approximate.
The text, photographs and plans are for guidance only and are not necessarily comprehensive.
It should not be assumed that the property has all necessary planning, building regulation or other consents and HoldenCopley have not tested any services, equipment or facilities.
Purchasers must make further investigations and inspections before entering into any agreement.
Purchaser information -The Money Laundering, Terrorist Financing and Transfer of Funds(Information on the Payer) Regulations 2017(mlr 2017) came into force on 26 June 2017.
HoldenCopley require any successful purchasers proceeding with a property to provide two forms of identification i.e. Passport or photocard driving license and a recent utility bill or bank statement.
We are also required to obtain proof of funds and provide evidence of where the funds originated from.
This evidence will be required prior to HoldenCopley removing a property from the market and instructing solicitors for your purchase.
Third Party Referral Arrangements - HoldenCopley have established professional relationships with third-party suppliers for the provision of services to Clients.
As remuneration for this professional relationship, the agent receives referral commission from the third-party companies. Details are available upon request.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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